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20121207
20121207
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investments in the future. it takes investment in equipment and science education and infrastructure and so forth. the question many people don't want to consider is when we get those resources? i asked our research department of the would make a prediction from important the interest costs would be if we did nothing and the estimate without any explosion will was as follows. within 25 years or so, our interest costs would jump from about 1% of gdp to 12% of gdp or roughly four times the total investment made in r&d r&d fer, science jaish infrastructure. and if we ever permit that to happen, we will assure that we are going to have what i call a slow-growth crisis. please take over, this is your meeting. >> one thing i don't plan to be is an economics expert. i felt this way for years it's not just about the health of our economy, it's about around the world it's going to continue to eat at us and when you put in the kind of time bombs of was the intent. it was supposed to be so hammes that congress would never permit it to happen. it's stretched and stressed at the time. i'm one that set
that democrats see critical to investing in the next generation, education, or basic science, without finding ways to control the growth of entitlement spending, or even the affordable care act? >> there's a question we have quite a democratic shift happened, and it's happening not forever but the next 25 years. many of the baby boomers would like to live forever but probably not going to, even though we're going to try. you know, it is, that's our reality but with 10,000 new seniors every day, coming online every day in this country and we have fewer workers to pay into medicare, and that's an issue. so yes, we have -- we also have to understand those are a lot of seniors who we are also proposing to take it. so can we make sure the health delivery system is more efficient? yes, we can. i talk about some of the most to do that. we should demand more accountability on that. beneficiaries participate not by denying them care, denying them benefits, but by being healthier, taking up recommendations, following doctor recommendations. not doing too much doctor shopping. they're is responsible on
Search Results 0 to 1 of about 2